Vietnam should fully tap benefits from tariff reduction and exemption brought by the EU – Vietnam Free Trade Agreement (EVFTA) to promote cashew nut export to France, said insiders.

Vietnam shipped a total of 105,000 tonnes of cashew nuts abroad in Q1, earning US$630 million, down 6.7% in volume and 5% in value compared to those in the same period of last year, according to the General Department of Vietnam Customs.

As of April 3, Vietnamese companies had recovered 12 out of 35 containers of cashew nuts exported to Italy whose original documents was lost, a positive progress thanks to great efforts and active support of relevant parties.

A new positive development has been seen in the suspected scam involving 100 containers of Vietnamese cashew nuts exported to Italy, with eight containers already re-exported to the Netherlands by March 22, according to the Vietnam Trade Office in Italy.

VOV.VN - A recent suspected scam involving local businesses exporting cashew nuts to Italy has raised alarm bells for exporters amid increasing transnational trade fraud.

VOV.VN - Competent authorities of Vietnam have sent a diplomatic note to relevant ministries and agencies of Italy, requesting a quick investigation into a suspected scam involving 100 containers of Vietnamese cashew nuts exported to Italy.

The Vietnamese Embassy in Italy is actively seeking ways to support the settlement of a suspected scam related to 100 containers of cashew nuts exported to the European country.

Vietnamese exporters are at risk of losing hundreds of millions of US dollars in a suspected scam in which they have not received any payment as agreed for 100 containers of cashew nuts already dispatched to a buyer in Italy.

Vietnam’s cashew nut exports saw encouraging growth this year despite COVID-19-induced restrictions, shipping container shortage and rising logistics costs, statistics of the General Department of Vietnam Customs show.

VOV.VN - Vietnamese cashew nut exports are anticipated to see robust growth ahead in the third quarter of the year due to growing demand in both the United States and the EU, according to the Ministry of Industry and Trade.